Key Developments: MEDNAX Inc (MD)
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17 May 2013
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Latest Key Developments (Source: Significant Developments)
MEDNAX Inc Announces Acquisition Of Neonatology Associates, Ltd
MEDNAX Inc announced the acquisition of Neonatology Associates, Ltd. (NAL), a neonatal physician group practice based in Phoenix, Arizona. The practice will become part of MEDNAX`s Pediatrix Medical Group division. NAL is a private practice that consists of 24 neonatologists, 5 pediatric hospitalists, 39 advanced practitioners, and 35 other clinical and administrative support staff who provide a wide spectrum of services, including neonatal intensive care, labor and delivery, and hearing screen services, at 27 hospitals throughout Central and Northern Arizona and in Tucson. The practice was acquired for cash and the transaction is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed. Full Article
MEDNAX Inc Issues Q1 2013 EPS Guidance Below Analysts' Estimates; Comments On Q1 2013 Total Same-Unit Revenue Growth Guidance
MEDNAX Inc announced that for the first quarter of 2013, it expects earnings will be in a range of $1.05 to $1.10 per share. This outlook assumes that total same-unit revenue growth will grow by 1.0% to 3.0% from the prior-year period. This same-unit growth forecast is expected to be divided evenly between patient volume, assuming growth across all MEDNAX physician specialties and net reimbursement growth, including improvements from commercial payor contracts, offset by variability in the mix of services reimbursed under government payor programs. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.15 for the first quarter of 2013. Full Article
Edgemont Capital Partners, L.P. Completes Sale Of South Oakland Anesthesia Associates, P.C. To MEDNAX Inc
MEDNAX Inc announced that Edgemont Capital Partners, L.P., a boutique investment bank focused on the advisory needs of healthcare companies worldwide, announced the sale of South Oakland Anesthesia Associates, P.C. (SOAA), to MEDNAX, Inc. Edgemont Capital Partners, L.P. acted as the exclusive financial advisor to SOAA. The transaction closed on December 21, 2012, and was led by Jeff Swearingen, the head of the firm's Physician Services Group and Luke Mitchell, a principal at the firm. Brent Hill of Waller Lansden Dortch & Davis, LLP acted as legal counsel to SOAA in the transaction. Terms of the transaction were not disclosed. Full Article
MEDNAX Inc Announces Acquisitions of Anesthesiology Practice in Tennessee and Pediatric Surgery Practice in Texas
MEDNAX Inc announced the acquisitions of Anesthesiologists Associated, P.C., a private physician group practice that provides anesthesia services in the Chattanooga, Tenn. metropolitan area, and Pediatric Surgical and Associates, a pediatric surgery physician group practice serving the Dallas-Fort Worth Metroplex and surrounding North Texas area. The due diligence process for these two acquisitions was ongoing over the last several months, resulting in both acquisitions being closed and effective as of December 31, 2012. Full Article
MEDNAX Inc Announces Acquisition of Anesthesiology Practice in Michigan
MEDNAX Inc announced the acquisition of South Oakland Anesthesia Associates, P.C., a physician group practice that provides anesthesia care and pain management services at three hospitals, four ambulatory surgery centers, one eye center, and four pain management centers throughout Oakland, Wayne and Macomb counties in Michigan. The practice will become part of MEDNAX`s American Anesthesiology division and is the first Michigan-based practice to join the division, which now consists of 16 practices throughout eight states. The physicians joining as a result of this transaction will now be part of MEDNAX`s American Anesthesiology division, which consists of more than 1,350 anesthesia providers, including more than 570 physicians and 780 anesthetists practicing in North Carolina, Florida, Georgia, Michigan, New Jersey, Tennessee, Texas, Virginia and, with administrative offices in Sunrise, Fla. and Raleigh, N.C. This practice was acquired for cash and the transaction is expected to be immediately accretive to earnings. No additional terms of the transactions were disclosed. Full Article
MEDNAX Inc Announces Acquisition Of Maternal-Fetal Medicine Practice In Georgia
MEDNAX Inc announced the acquisition of a maternal-fetal medicine physician practice based in Lithia Springs, Georgia. The practice will become part of MEDNAX`s Pediatrix Medical Group division. The practice was acquired for cash and the transaction is expected to be immediately accretive to its earnings. No additional terms of the transaction were disclosed. With this acquisition, 13 physician group practices have become part of MEDNAX in 2012, seven as part of Pediatrix Medical Group, and six as part of American Anesthesiology. Full Article
MEDNAX Inc Issues Q4 2012 EPS Guidance In Line With Analysts' Estimates
MEDNAX Inc announced that for the fourth quarter of 2012, it expects earnings will be in a range of $1.27 to $1.32 per share. This range assumes that total same-unit revenue for the three months ended December 31, 2012 will grow by 2.0% to 4.0% from the prior-year period. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.29 for the fourth quarter of 2012. Full Article
MEDNAX Inc Issues Q3 2012 EPS Guidance In Line With Analysts' Estimates
MEDNAX Inc announced that for third quarter of 2012, it expects earnings per share (EPS) in the range of $1.25-$1.30. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.26 for third quarter of 2012. Full Article
MEDNAX Inc Announces Acquisition of Anesthesiology Practice in Leesburg, Va
MEDNAX Inc announced the acquisition of Loudoun Anesthesia Associates, a physician group practice that provides anesthesia services at Inova Loudoun Hospital and Inova Loudoun Ambulatory Surgery Center in Leesburg, Va. Loudoun Anesthesia Associates was founded in 1994 and consists of 12 anesthesiologists and 17 anesthetists, providing anesthesia services across a wide spectrum of subspecialty areas. This practice was acquired for cash. No additional terms of the transactions were disclosed. Full Article
MEDNAX Inc Announces Acquisition of Anesthesiology Practice in Knoxville Tenn
MEDNAX Inc announced the acquisition of Anesthesia Medical Alliance of East Tennessee (AMAET) a physician group practice based in Knoxville, Tenn. that provides anesthesia services at 16 practice locations throughout the East Tennessee region. AMAET will become part of MEDNAX’s American Anesthesiology division, and is the first Tennessee-based practice to join the division. AMAET was founded in 2001 and consists of 45 anesthesiologists and 158 anesthetists, providing anesthesia services across a wide spectrum of subspecialty areas including cardiovascular, obstetric, neuroanesthesia, regional anesthesia and pain management. This practice was acquired for cash. No additional terms of the transactions were disclosed. Full Article
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